Solid Pwr Inc Financials
This page shows Solid Pwr Inc (SLDP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Solid Pwr Inc has an operating margin of -463.7%, meaning the company retains $-464 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -523.0% the prior year.
Solid Pwr Inc's revenue grew 8.0% year-over-year to $21.7M, a solid pace of expansion. This earns a growth score of 47/100.
Solid Pwr Inc carries a low D/E ratio of 0.09, meaning only $0.09 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 15.92, Solid Pwr Inc holds $15.92 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Solid Pwr Inc generated -$73.4M in operating cash flow, capex of $10.2M consumed most of it, leaving -$83.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Solid Pwr Inc generates a -22.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -23.5% the prior year.
Solid Pwr Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Solid Pwr Inc generates $0.79 in operating cash flow (-$73.4M OCF vs -$93.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Solid Pwr Inc earns $-4033.3 in operating income for every $1 of interest expense (-$100.8M vs $25K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Solid Pwr Inc generated $21.7M in revenue in fiscal year 2025. This represents an increase of 8.0% from the prior year.
Solid Pwr Inc's EBITDA was -$82.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 7.3% from the prior year.
Solid Pwr Inc reported -$93.4M in net income in fiscal year 2025. This represents an increase of 3.2% from the prior year.
Solid Pwr Inc earned $-0.51 per diluted share (EPS) in fiscal year 2025. This represents an increase of 5.6% from the prior year.
Cash & Balance Sheet
Solid Pwr Inc generated -$83.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 4.7% from the prior year.
Solid Pwr Inc held $21.6M in cash against $0 in long-term debt as of fiscal year 2025.
Solid Pwr Inc had 201M shares outstanding in fiscal year 2025. This represents an increase of 11.5% from the prior year.
Margins & Returns
Solid Pwr Inc's operating margin was -463.7% in fiscal year 2025, reflecting core business profitability. This is up 59.4 percentage points from the prior year.
Solid Pwr Inc's net profit margin was -429.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 49.7 percentage points from the prior year.
Solid Pwr Inc's ROE was -22.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.1 percentage points from the prior year.
Capital Allocation
Solid Pwr Inc invested $72.5M in research and development in fiscal year 2025. This represents a decrease of 1.1% from the prior year.
Solid Pwr Inc spent $3.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 60.4% from the prior year.
Solid Pwr Inc invested $10.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 36.0% from the prior year.
SLDP Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.6M-20.4% | $4.6M-39.5% | $7.5M+25.3% | $6.0M+34.9% | $4.5M-4.1% | $4.7M-8.4% | $5.1M-14.7% | $6.0M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $16.9M-7.7% | $18.3M-0.4% | $18.3M-3.6% | $19.0M+2.1% | $18.6M+7.5% | $17.3M-6.5% | $18.5M-1.8% | $18.9M |
| SG&A Expenses | $7.4M+4.7% | $7.1M+7.1% | $6.6M-20.7% | $8.3M+14.4% | $7.3M-8.5% | $8.0M-1.2% | $8.0M-6.1% | $8.6M |
| Operating Income | -$26.5M-8.5% | -$24.4M+5.6% | -$25.9M-7.7% | -$24.0M+4.0% | -$25.0M+9.3% | -$27.6M-2.4% | -$26.9M-4.5% | -$25.8M |
| Interest Expense | $4K-33.3% | $6K-14.3% | $7K-12.5% | $8K+114.3% | -$56K-609.1% | $11K-77.6% | $49K+16.7% | $42K |
| Income Tax | N/A | $360K+5900.0% | $6K | N/A | N/A | $376K-26.4% | $511K | N/A |
| Net Income | -$27.1M-4.6% | -$25.9M-2.1% | -$25.3M-67.2% | -$15.2M+50.5% | -$30.6M-36.6% | -$22.4M-0.7% | -$22.3M-5.0% | -$21.2M |
| EPS (Diluted) | N/A | $-0.140.0% | $-0.14-75.0% | $-0.08 | N/A | $-0.130.0% | $-0.13-8.3% | $-0.12 |
SLDP Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $455.1M+9.4% | $416.1M+4.6% | $398.0M-5.1% | $419.4M-6.4% | $448.3M-4.8% | $470.9M-4.4% | $492.6M-4.6% | $516.2M |
| Current Assets | $267.4M+2.0% | $262.2M+9.4% | $239.7M-3.9% | $249.3M+99.0% | $125.2M-10.5% | $139.9M-13.0% | $160.8M-5.7% | $170.6M |
| Cash & Equivalents | $21.6M-54.3% | $47.3M+80.2% | $26.2M-10.9% | $29.5M+15.9% | $25.4M-33.1% | $38.0M+23.9% | $30.6M+118.5% | $14.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $2.2M | N/A | N/A | N/A | $1.4M | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $38.9M+12.3% | $34.6M+27.3% | $27.2M+22.2% | $22.3M-41.3% | $37.9M+20.7% | $31.4M-12.3% | $35.8M-2.6% | $36.8M |
| Current Liabilities | $16.8M+1.1% | $16.6M+34.0% | $12.4M+18.9% | $10.4M-47.8% | $20.0M-1.8% | $20.3M-11.3% | $22.9M+25.9% | $18.2M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $415.7M+9.1% | $381.2M+2.9% | $370.6M-6.7% | $397.1M-3.2% | $410.3M-6.6% | $439.4M-3.8% | $456.8M-4.7% | $479.4M |
| Retained Earnings | -$274.9M-11.0% | -$247.7M-11.7% | -$221.7M-12.9% | -$196.3M-8.4% | -$181.2M-20.3% | -$150.5M-17.5% | -$128.1M-21.0% | -$105.8M |
SLDP Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$18.4M-28.9% | -$14.3M+1.2% | -$14.4M+45.1% | -$26.3M-89.6% | -$13.9M-40.8% | -$9.9M+11.4% | -$11.1M+61.8% | -$29.1M |
| Capital Expenditures | $4.6M+706.1% | $570K-78.8% | $2.7M+14.3% | $2.4M-50.0% | $4.7M+69.5% | $2.8M-37.0% | $4.4M+8.7% | $4.1M |
| Free Cash Flow | -$23.0M-54.9% | -$14.8M+13.4% | -$17.1M+40.2% | -$28.6M-54.2% | -$18.6M-47.1% | -$12.6M+18.6% | -$15.5M+53.1% | -$33.1M |
| Investing Cash Flow | -$66.0M-6532.4% | $1.0M-93.0% | $14.6M-52.2% | $30.5M+1376.9% | $2.1M-88.1% | $17.3M-44.4% | $31.2M+128.6% | $13.6M |
| Financing Cash Flow | $58.7M+71.3% | $34.3M+1127.3% | -$3.3M-1898.2% | -$167K+77.8% | -$752K-415.1% | -$146K+95.8% | -$3.4M+32.5% | -$5.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | $0-100.0% | $3.6M | N/A | $798K | $0-100.0% | $3.4M-31.6% | $4.9M |
SLDP Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -730.1%-194.5pp | -535.6%-192.4pp | -343.1%+56.3pp | -399.4%+161.7pp | -561.1%+32.1pp | -593.2%-62.4pp | -530.8%-97.7pp | -433.1% |
| Net Margin | -745.1%-177.8pp | -567.3%-231.2pp | -336.1%-84.2pp | -251.8%+434.7pp | -686.5%-204.5pp | -482.0%-43.1pp | -438.9%-82.7pp | -356.2% |
| Return on Equity | -6.5%+0.3pp | -6.8%+0.1pp | -6.8%-3.0pp | -3.8%+3.6pp | -7.5%-2.4pp | -5.1%-0.2pp | -4.9%-0.5pp | -4.4% |
| Return on Assets | -5.9%+0.3pp | -6.2%+0.2pp | -6.4%-2.8pp | -3.6%+3.2pp | -6.8%-2.1pp | -4.8%-0.2pp | -4.5%-0.4pp | -4.1% |
| Current Ratio | 15.92+0.1 | 15.78-3.5 | 19.33-4.6 | 23.90+17.6 | 6.27-0.6 | 6.88-0.1 | 7.01-2.3 | 9.35 |
| Debt-to-Equity | 0.090.0 | 0.09+0.0 | 0.07+0.0 | 0.06-0.0 | 0.09+0.0 | 0.070.0 | 0.080.0 | 0.08 |
| FCF Margin | -633.0%-307.7pp | -325.4%-98.2pp | -227.2%+248.9pp | -476.1%-59.7pp | -416.5%-145.0pp | -271.5%+34.3pp | -305.8%+250.5pp | -556.3% |
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Frequently Asked Questions
What is Solid Pwr Inc's annual revenue?
Solid Pwr Inc (SLDP) reported $21.7M in total revenue for fiscal year 2025. This represents a 8.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Solid Pwr Inc's revenue growing?
Solid Pwr Inc (SLDP) revenue grew by 8% year-over-year, from $20.1M to $21.7M in fiscal year 2025.
Is Solid Pwr Inc profitable?
No, Solid Pwr Inc (SLDP) reported a net income of -$93.4M in fiscal year 2025, with a net profit margin of -429.5%.
What is Solid Pwr Inc's EBITDA?
Solid Pwr Inc (SLDP) had EBITDA of -$82.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Solid Pwr Inc's operating margin?
Solid Pwr Inc (SLDP) had an operating margin of -463.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Solid Pwr Inc's net profit margin?
Solid Pwr Inc (SLDP) had a net profit margin of -429.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Solid Pwr Inc's return on equity (ROE)?
Solid Pwr Inc (SLDP) has a return on equity of -22.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Solid Pwr Inc's free cash flow?
Solid Pwr Inc (SLDP) generated -$83.6M in free cash flow during fiscal year 2025. This represents a -4.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Solid Pwr Inc's operating cash flow?
Solid Pwr Inc (SLDP) generated -$73.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Solid Pwr Inc's total assets?
Solid Pwr Inc (SLDP) had $455.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Solid Pwr Inc's capital expenditures?
Solid Pwr Inc (SLDP) invested $10.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Solid Pwr Inc spend on research and development?
Solid Pwr Inc (SLDP) invested $72.5M in research and development during fiscal year 2025.
What is Solid Pwr Inc's current ratio?
Solid Pwr Inc (SLDP) had a current ratio of 15.92 as of fiscal year 2025, which is generally considered healthy.
What is Solid Pwr Inc's debt-to-equity ratio?
Solid Pwr Inc (SLDP) had a debt-to-equity ratio of 0.09 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Solid Pwr Inc's return on assets (ROA)?
Solid Pwr Inc (SLDP) had a return on assets of -20.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Solid Pwr Inc's cash runway?
Based on fiscal year 2025 data, Solid Pwr Inc (SLDP) had $21.6M in cash against an annual operating cash burn of $73.4M. This gives an estimated cash runway of approximately 4 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Solid Pwr Inc's Piotroski F-Score?
Solid Pwr Inc (SLDP) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Solid Pwr Inc's earnings high quality?
Solid Pwr Inc (SLDP) has an earnings quality ratio of 0.79x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Solid Pwr Inc cover its interest payments?
Solid Pwr Inc (SLDP) has an interest coverage ratio of -4033.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Solid Pwr Inc?
Solid Pwr Inc (SLDP) scores 41 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.